Interesting Fact
|
Interesting Question
|
1. “Tax and spend,” “tax and spend liberal,” what an effective political campaign weapon this phrase has been, especially since the 1980s. Defending taxes and government spending would seem to be the ultimate fools errand.
|
1. If the gasoline tax creates good paying private sector jobs, is that a bad thing? Gasoline taxes are used to build and maintain our roads. Most of these jobs are in the private sector. This is government spending. One nationally syndicated radio talk show host has said repeatedly: “We get absolutely nothing from the gas tax.” Is he that ignorant or is he lying?
|
2. Ronald Reagan was well known for his opposition to taxes and government spending.
|
2. Under Reagan, social security benefits became taxable (and the retirement age was raised.) The massive government spending for Reagan’s military buildup dramatically increased the national debt. He said the spending was necessary to win the Cold War. But was the Cold War necessary? The Cold War was protectionism for aggressive global capitalism. Was North Viet Nam a national security threat to the United States? Hardly. The Cold War ended because Mikhail Gorbachev decided it was a dangerous exercise in stupidity and a gigantic waste of money.
|
3. John McCain said: “Ireland now has an 11% business tax. The [U.S.] has a 35% business tax. Where are businesses going to go?”
|
3. Does this verify the axiom that capitalism has no allegiance to any country? Does McCain not know that 65% of U.S. corporations (because of loopholes) pay no taxes? Does he not know that corporations (and individuals), who don’t pay their fair share of taxes, put their tax burden on the businesses (and individuals) that do pay their fair share?
|
4. Many people complain that their taxes are too high.
|
4. Taxes are only one part of a two-part ratio/proportion problem that determines how much you have to live on. The other half is income. The amount of money that you get to keep after taxes is the important thing. Is it possible that your taxes are too high because your income is too low? If this is true, you have a problem with your employer, not your government. It is interesting to note that conservative talk show hosts spend a lot of time telling their audience that they pay too much in taxes but they never (as far as I know) tell them that they don’t make enough money.
|
5. Conservatives, especially conservative talk show hosts, constantly complain about paying taxes. Even if they are multi-millionaires with enormous after tax incomes, they still complain about paying taxes.
|
5. Are multi-millionaires or multi-billionaires, with enormous after tax incomes that complain about paying taxes, crybabies?
|
6. A famous multi-millionaire radio talk show host with an enormous after tax income complained about our “confiscatory tax system.”
|
6. If America has a “confiscatory tax system,” where did all the American multi- millionaires and multi- billionaires come from?
|
7. Conservatives warn that: “raising taxes on the rich kills jobs because rich people, with their investments, create jobs.”
|
7. If rich people threaten to cut jobs because they have to pay more taxes than they like, is this economic blackmail? How does raising taxes on the rich kill jobs? It’s called “capital flight.” They invest their money where they find the cheapest work force. This can include doctors, engineers and managers as well as labor. Is the entire spectrum of the American work force powerless in the face of these threats?
|
8. Conservatives say raising taxes kills jobs and cutting taxes produces economic growth and a sound economy. We have been cutting taxes for the last seven years.
|
8. If we have been cutting taxes for more than seven years, why are we having all these economic problems (10-4-08)? Many politicians, including president Bush, now admit that we are having “tough economic times.” Why don’t they give us a precise and complete explanation of why we are having tough economic times? This is part of their job.
|
9. Investors and businessmen threaten to move jobs overseas to slave wage “developing countries” if they don’t like the America’s tax structure.
|
9. What are the implications when businessmen and investors turn their backs on their country and move jobs to low wage countries so they can pay lower taxes? First, they destroy a vitally important source of government revenue, a major cause of our 9.5 trillion dollar national debt. Second, they destroy our vitally needed economic infrastructure. Third, they rob the country of the funds necessary to build and maintain our national infrastructure. Forth, they demoralize and destabilize millions of American workers and their families.
Are American workers powerless in the face of this assault on their standard of living and quality of life? This is class warfare; pointing out economic and social injustice is not class warfare contrary to the pronouncements of conservative talk show hosts.
|
10. The U.S. Constitution gives the federal government the power to issue debt free legal tender United States Notes and use them to “promote the general welfare” of the American people. In 1862 Abraham Lincoln proved that United States Notes could be used for national defense.
|
10. Global capitalist businessmen and investors who flee to low wage countries to avoid taxes have no allegiance to the United States of America. This capital flight is the number one cause of our current economic and fiscal problems (see question number 9). Conservative commentators skillfully cover the tracks of the fleeing capitalists by blaming “out of control government spending and regulations” for our problems.
Now that the “free flow of capital” has left America in the lurch with real and massive economic problems, what can be done now fix the mess they left behind?
The “credit crunch,” if left unchecked, could totally wreck our economy and lead to social breakdown. Economic and social breakdown brought the Nazis to power in 1933. Prolonged and severe economic and social instability would be a threat to our national security. Thus, “in order to insure domestic tranquility” and “promote the general welfare” of the American people, the Constitution gives the government the authority to issue United States Notes. This debt free legal tender could be used to nationalize those parts of the economy that have been abandoned or destroyed by capital flight.
So, is the American work force powerless in the face of threats of capital flight? No. The founding fathers gave us the power in our Constitution to protect ourselves. And Abraham Lincoln set the example for how it can be done. Abraham Lincoln used this authority in 1862 to save America from an existential threat; the same authority can be used today. Unfortunately, the biggest obstacle to following Abraham Lincoln’s example is our bought and paid for politicians.
|
11. Pundits, economists and politicians constantly tell us that we must export in order to fix our enormous trade deficit. It is a little known fact that exports are a component of the Gross Domestic Product (GDP) calculation. Oddly, government spending is also a part of our GDP. We used to have a measurement called Gross National Product.
|
11. Why are we always told that, in order to fix our trade deficit, we must export and never told that we must recapture our own markets? This would accomplish exactly the same thing except that we would not continue to waste an enormous amount of fossil fuel needlessly shipping manufactured products and raw materials back and forth all over the world. Talk about a stupid energy policy!
The answer to the above question can be found in a dirty little secret loophole buried in our tax code: profits made overseas, stay overseas. This is a major reason why jobs are shipped overseas and despite the efforts of some good politicians in Congress, who have tried year after year after year, it is impossible to get the law changed. Is this the reason why we now calculate GDP instead of GNP? And what kind of twisted logic would call for government spending to be included in the Gross Domestic Product? Wow, George W. Bush has really produced a lot of economic growth!
|
12. People laugh at the out of date clothing styles when they look at old pictures from the 1960s and 1970s.
|
12. Some day, will we look back and laugh at the hair brained, deregulated, free market, globalist economic theories that almost brought our country to rack and ruin? Or will we look back in anger?
|
13. Conservative, politicians, pundits, talk show hosts and academics constantly complain about taxes and government spending. And in the process, they never miss an opportunity to slam “The Government.” In particular, one “Great American” on his radio show is particularly vicious in his constant, endless verbal attacks. As a patriotic, America first, veteran, I find this extremely offensive. I listen to conservative talk radio almost every day and I hear a constant anti-government smear campaign. It seems strange to me that nobody ever stands up and defends our government. Even conservative politicians pile on and try to discredit our great government. I think it’s time that someone stood up for our government and finally put things in proper perspective.
|
13. Are politicians and the government the same thing? NO. When I hear people slamming the government, I like to educate them by telling them: We have a great government but we have rotten politicians. Conservatives like to wave the flag and crow about how they love and respect the Constitution. If you hate the government, you hate the Constitution. The Constitution is the government and the government is the Constitution. It’s the rotten politicians that discredit our government.
There should be a law that when anyone says something against “The Government,” they would be required to name the specific politician, bureaucrat, agency, commission, official, law or individual responsible for the government action with which they have a problem. If you criticize “The Government” you should mean the government. But remember, when you attack the government you are attacking the Constitution and the country that is defined by the Constitution: America.
Why is the distinction between politicians and government important? According to my dictionary, page 1420: “SEDITION is any act, writing, speech, etc., … calculated to bring the government into contempt or to incite others to hostility or disaffection.” Although my dictionary considers treason and sedition synonymous, the Constitution makes a distinction. Thus, sedition is not a capital offence. Nevertheless, sedition is hardly appropriate for a “Great American.” The free speech guaranteed in the Constitution does not apply when it comes to sedition.
|
14. Conservatives complain about taxes and government spending so much they sound like a broken record (CD?). If they really were serious, they would say exactly what spending they want to cut.
|
14. Why are conservatives usually vague and short on specifics when they denounce government spending? Could it be that when their wish list is added up it would be a surprisingly small part of the federal budget? On the other hand, if you added up the wish list of spending cuts of the liberals and populists, would it be a huge part of the federal budget? It would be interesting and enlightening to see a comparison of these two lists.
|
15. Tax breaks, the hidden currency of our political system. Tax breaks, the product purchased with campaign contributions. Tax breaks, the real reason our tax code is so complex and thousands of pages long.
|
15. How can politicians promise tax breaks when we have a 9.5 trillion dollar debt? How can they promise money (tax revenue) to states, counties, cities, hospitals, businesses, schools, researchers and individuals when we have a 9.5 trillion dollar debt? It is true that much or even most of this money will be spent on necessary or even vital purposes but what about the debt? Is there a way out of this double bind? Yes.
What is the solution to this problem, a problem that threatens our future prosperity and security? The answer to this vitally important question is United States Notes. The financial markets and their surrogates, the same people who put us in this dangerous fiscal situation, will reject and denounce this solution. This is to be expected. Why? Because when the American people realize that our fiscal problems could have been avoided by the solution that these people reject, there will be some tough questions that will demand some very embarrassing answers.
The strangle hold of the financial markets must be broken, before it is too late.
Why doesn’t Congress, to get much needed money into the economy, issue debt free United States Notes and make that legal tender money available for student loans, car loans, mortgages and business loans? The government could set up loan offices for this purpose. The Federal Reserve, instead of selling government debt, would be the agency that would loan debt free U.S. Notes to the banks. The banks would pay interest to the Treasury for the use of the money.
|